Nostr Archives

An 80 year old family friend called me for financial advice because her kids wouldn't "help her buy crypto" I'm advising her to buy $100 of Bitcoin on @River, giving her @Lawrence Lepard's The Big Print and telling her that after she reads it I'm happy to help What would you do?

💬 45 replies

Replies (45)

Sleventy3112d ago

Commandable. I haven't read the big print. But I've given similar advice but put out Lynn Alden's Broken Money.

0000 sats

Brain User112d ago

She’s 80 Ben just show her how to buy the corn

0000 sats

Ben Justman🍷112d ago

People having a good experience with Bitcoin upon my recommendation is something I take super seriously. You put your reputation on the line when you give financial advice. Told her to go check out river and that I would help, but need her to put in some work for us to get anywhere anyway

0000 sats

Thomas 112d ago

I’m going to buy another copy and keep it in my car for opportunities like this

0000 sats

Le Chiffre112d ago

Send her $5 via River to her email which will let her open her new account with something already in it

0000 sats

Gil₿ert112d ago

My dad called me up 2 days ago to ask if now was a good time to buy bitcoin, he had his bank account closed for some bogus reason, and the new bank offers bitcoin saving plans. I told him everyday is a good day to buy bitcoin, and right now it’s on sale.

0000 sats

Ben Justman🍷112d ago

Let's go. Great timing

0000 sats

magnum112d ago

I think The Bitcoin Standard would be a good book to read. Once people have made a bitcoin transaction, there is no going back.

0000 sats

Ben Justman🍷112d ago

Yes but more for libertarian minded people

0000 sats

The Tim111d ago

The big print is better than the Bitcoin Standard for most normies. but Broken Money is my go-to recommendation nowadays! 🚂

0000 sats

Arotags111d ago

Glad that she’s come to the Jedi Master

0000 sats

Ben Justman🍷111d ago

That's my goal with wearing Bitcoin on my sleeve. Just want to be the one they come to when they get curious

0000 sats

Arotags111d ago

I’m working on my subtle mentions in every day conversations. The curious will come.

0000 sats

Ben Justman🍷111d ago

Well when we talk self custody it will def be a consideration. Bitkey seems like the move there

0000 sats

bitcoinpoorguy 比特幣傢伙111d ago

Nice 👍🏻 But 95% chance she won’t read the book 🤔🫣

0000 sats

Greeny 111d ago

Cash app is probably the easiest for a situation like that.

0000 sats

Ben Justman🍷111d ago

That's a pretty good call

0000 sats

Maybe Later111d ago

Personally, I'd just have them buy gold since they are 80. I love the sweet corn, but at that age, it's a lot to handle. Gold will treat them well and give them a piece of the action.

0000 sats

Ben Justman🍷111d ago

They asked me specifically how to do it so I feel like if I don't help them someone who will steer them into crypto will. Plus I gave her a book by someone who is a gold bug too

0000 sats

Kevin Alfred Strom111d ago

River vets everyone who applies using some intrusive KYC database "security" service, and they will deny you an account if you have ever engaged in political wrongthink or gotten on the wrong side of the regime in Washington.

0000 sats

JasonC111d ago

Broken Money is my current go to. Layered Money is decent too and a lot shorter depending on your audience. 80yr old is a special use case - you did well

0000 sats

Ben Justman🍷111d ago

It's tough to get people to read anything.

0000 sats

Orange Thoughts111d ago

Why put her in the KYC trap? Just sell her some P2P. If she wants more, sell her more or help her buy P2P from others.

0000 sats

Ben Justman🍷111d ago

I don't think I'm going to get to a point of teaching her about coin control any time soon.

0000 sats

Orange Thoughts111d ago

No need for coin control if she understands the concept of KYC and NoKYC. Usually older folks get it even faster as most of them have dealt with opressive regimes.

0000 sats